Investor Presentaiton
Forward-Looking Information
Forward-Looking Information
Fortis Inc. ("Fortis" or the "Corporation") includes "forward-looking information” in this presentation within the meaning of applicable Canadian securities
laws and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking
information"). Forward-looking information included in this presentation reflects the expectations of Fortis management regarding future growth, results of
operations, performance, business prospects and opportunities. Wherever possible, words such as "anticipates", "believes", "budgets", "could", "estimates",
"expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "target", "will", "would" and the negative of these terms and other
similar terminology or expressions have been used to identify forward-looking information, which includes, without limitation: targeted average annual
common share dividend growth through 2022; the Corporation's forecast gross consolidated and segmented capital expenditures for 2017 and the period
2018 through 2022; the Corporation's consolidated and segmented forecast rate base for 2017 and the period 2018 through 2022 and associated compound
annual growth rate for the period 2018 through 2022; average consolidated credit facilities for the period 2018 through 2022; the expected timing of filing of
regulatory applications and receipt and outcome of regulatory decisions; the nature, timing and expected costs of certain capital projects including, without
limitation, the FortisBC Pipeline Integrity Management Program and Eagle Mountain - Woodfibre Gas Pipeline Project, UNS Flexible Generation Resource
investment and Combined Cycle Generation purchase; additional opportunities beyond the base plan including, without limitation, the Wataynikaneyap
Project and the Lake Erie Connector; potential aggregate capital opportunities for the period 2018 through 2022; and expected impacts of U.S. tax reform on
the Corporation's earnings and cash flows.
Forward-looking information involves significant risk, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing
the conclusions contained in the forward-looking information. These factors or assumptions are subject to inherent risks and uncertainties surrounding future
expectations generally, including those identified from time to time in the forward-looking information. Such risk factors or assumptions include, but are not
limited to: uncertainty regarding the outcome of regulatory proceedings of the Corporation's utilities and the expectation of regulatory stability; no material
capital project and financing cost overrun related to any of the Corporation's capital projects; sufficient human resources to deliver service and execute the
capital program; the Board of Directors exercising its discretion to declare dividends, taking into account the business performance and financial conditions of
the Corporation; risk associated with the impact of less favorable economic conditions on the Corporation's results of operations; no significant changes in
laws and regulations that may materially negatively affect the Corporation and its subsidiaries; and currency exchange rates. Fortis cautions readers that a
number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking
information. These factors should be considered carefully and undue reliance should not be placed on the forward-looking information. For additional
information with respect to certain of these risks or factors, reference should be made to the continuous disclosure materials filed from time to time by Fortis
with Canadian securities regulatory authorities and the Securities and Exchange Commission. All forward-looking information included in this presentation is
given as of the date of this presentation and Fortis disclaims any intention or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise.
Unless otherwise specified, all financial information referenced is in Canadian dollars and references to rate base refer to mid-year rate base.
FORTIS
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